Is Smyrna, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Smyrna has remained a Seller's Market.
Key Takeaway
Smyrna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smyrna, TN
How much do homes in Smyrna, TN cost?
Median Sold Price
$429,918
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Smyrna have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Smyrna was $429,918 in May 2024, up 10.8% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $404K | - | N/A |
| 2 Bedrooms | $285K | $313.7K | +10.1% |
| 3 Bedrooms | $364.9K | $375K | +2.8% |
| 4 Bedrooms | $527.5K | $499.9K | -5.2% |
| 5+ Bedrooms | $577.8K | $582K | +0.7% |
Summary: Smyrna housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Smyrna | $387.9K | $429.9K | +10.8% |
| Murfreesboro | $410.2K | $419.9K | +2.4% |
| La Vergne | $353.6K | $361.7K | +2.3% |
Housing Supply in Smyrna, TN
How many homes are available in Smyrna, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 322 | 321 | -0.3% |
Summary: The Smyrna real estate market had 321 homes for sale in May 2024, a 0.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 28 | 27 | -3.6% |
| 3 Bedrooms | 136 | 138 | +1.5% |
| 4 Bedrooms | 123 | 117 | -4.9% |
| 5+ Bedrooms | 33 | 37 | +12.1% |
Summary: The Smyrna housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 12.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 86 | +7.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smyrna, expect to pay close to the asking price. 41% of homes here sold near the asking price last month.
Summary: A total of 86 homes were sold or pending in Smyrna in May 2024, up by 7.5% month-over-month. Of the 83 sold homes, 39% were sold under asking, 41% were sold at asking, and 20% were sold over asking.
Days on Market for Smyrna, TN
How long does it take to sell a home in Smyrna, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 21 Days | -23.2% |
Summary: Homes in Smyrna had an average of 21 days on market in May 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smyrna are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 86 homes were sold in Smyrna; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.